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What's Driving the Data Center UPS Industry Trend? | Brief Analysis by Top Key Players - ABB, AMETEK, Belkin International, Caterpillar Inc., Cummins, Delta Electronics, Eaton, Emerson Network Power, GE, Hewlett Packard Enterprise, HBL Power Systems Ltd.,

03-12-2019 06:17 AM CET | Business, Economy, Finances, Banking & Insurance

Press release from: Global Market Insights, Inc.

/ PR Agency: Electronics and Media Industry
Data Center UPS Market

Data Center UPS Market

Data Center UPS Market is set to exceed USD 4.5 billion by 2024; The growing trend of virtualization, and cloud computing is driving the growth of the data center UPS market. This trend has fueled the rise in the number of UPS installations for data centers in SMBs and large enterprises which has allowed these organizations to use power efficiently and effectively.

These systems provide continuous power supply to the data centers and protect them against power interferences. In addition, a major driver of the data center UPS market is the growing usage of online services such as Amazon Prime, Netflix and Hulu coupled with the growth of data center colocation market.

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With the rise in data usage and growing software industry, the usage and implementation of data centers is growing. The industry is witnessing a shift towards cloud computing, which has generated a demand for speed, security, and data storage and is helping strengthen the data center UPS market growth.

Companies Across Data Center Ups Market Which Profiled in this Report: -

• ABB
• AEG Power Solutions
• AMETEK
• Belkin International
• Benning Power Electronics
• Caterpillar Inc.
• Cummins Inc.
• Delta Electronics
• Eaton
• Emerson Network Power
• Fuji Electric
• Gamatronic, A SolarEdge Division
• GE
• Hewlett Packard Enterprise
• HBL Power Systems Ltd.
• Mitsubishi Electric Corporation
• Phoenix Contact
• Riello UPS
• Schneider Electric
• Server Technology
• Siemens
• TDK
• Toshiba
• Tripp Lite

Renovation of existing data centers and manufacturing of new facilities will aid the data center UPS market growth over the coming years. Effective backup power systems have become critical for modern data centers owing rise in the amount of voltage fluctuations and power outages. These systems need regular maintenance and check-up which acts as a key challenge for deployment of the systems.

Browse Report Summary @ www.gminsights.com/industry-analysis/data-center-UPS-market

The increased adoption of IoT across several applications such as BFSI, healthcare, manufacturing, telecom & IT has generated a demand for data center UPS market which provide enhanced efficiency through reduced energy consumption. The industry is witnessing a shift towards data center colocation, as colocation services help simplify several processes. Companies implementing and using colocation services are relying on the vendors to handle intricate facility systems, such as IT setup and hardware upgrades without having to concern about the data center facility-related issues thereby driving the colocation demand.

North America accounted for more than 30% of the global data center UPS market share in 2016 owing to the U.S. market and will grow at a high CAGR during the forecast timeline. Rapid infrastructure advancements of several sectors such as healthcare, manufacturing, entertainment, and IT & telecom, will provide an impetus to the regional industry growth. Moreover, increasing IT investments of SMBs, and strict government policies, in the U.S. will positively impact the demand for the data center UPS market in the next seven years.

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Some of the major companies operating in the industry include Mitsubishi Electric, Ametek Inc., General Electric Co., ABB Ltd., Schneider Electric S.A., Emerson Corporation, Eaton Corporation, Delta Electronics Inc, and Siemens AG among others. Several companies are trying to capture the data center UPS market with a customized product portfolio, which is helping them gain high market share.

About Global Market Insights:

Global Market Insights, Inc., headquartered in Delaware, U.S., is a global market research and consulting service provider; offering syndicated and custom research reports along with growth consulting services. Our business intelligence and industry research reports offer clients with penetrative insights and actionable market data specially designed and presented to aid strategic decision making. These exhaustive reports are designed via a proprietary research methodology and are available for key industries such as chemicals, advanced materials, technology, renewable energy and biotechnology.

Contact Us:

Arun Hegde
Corporate Sales, USA
Global Market Insights, Inc.
Phone: 1-302-846-7766
Toll Free: 1-888-689-0688
Email: sales@gminsights.com
Web: www.gminsights.com

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